By Anshuman Daga SINGAPORE – Asian equity markets and the euro suffered heavy losses on Friday while oil prices jumped as investors took fright from reports of a nuclear power …
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Detroit’s Big Three automakers to let workers stop wearing masks
by Reutersby ReutersBy David Shepardson WASHINGTON – Detroit’s Big Three automakers said on Thursday they will allow autoworkers to stop wearing masks at workplaces where U.S. health officials have said it is …
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Factbox-Harsh words, tough action: how companies have rebuffed Russia
by Reutersby Reuters– Corporate actions to censure Russia after its invasion of Ukraine vary widely and include some measures required by law and some voluntary, with comments ranging from harsh condemnations to …
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By Kantaro Komiya TOKYO – Japan’s jobless rate rose to 2.8% as the surge in coronavirus infections and mobility curbs hit service sector activity, although a gauge of job availability …
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World Bank Ukraine loan disbursement grows to 460 million euros-sources
by Reutersby ReutersWASHINGTON – A World Bank emergency cash disbursement to Ukraine will grow to 460 million euros ($509 million) with contributions from Sweden and the Netherlands, and will be submitted for …
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Google suspends all ad sales in Russia as censorship demands grow
by Reutersby ReutersBy Paresh Dave – Alphabet Inc’s Google said on Thursday that it had stopped selling online advertising in Russia, a ban that covers search, YouTube and outside publishing partners. The …
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By Devik Jain and Noel Randewich – Wall Street ended lower on Thursday, with growth stocks including Tesla and Amazon denting the Nasdaq, as the Ukraine crisis kept investors on …
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– Ratings agency S&P Global on Thursday cut Russia’s credit rating deeper into junk territory as fresh international sanctions triggered by its invasion of Ukraine, and the nation’s own protective …
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NY Fed’s Williams says U.S. economy not in stagflation scenario
by Reutersby ReutersBy Jonnelle Marte – Russia’s invasion of Ukraine adds uncertainty to the U.S. economic outlook and may boost near-term inflation, but household savings and strong economic growth should help limit …
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Factbox-Stranded assets: How many billions are stuck in Russia?
by Reutersby ReutersNEW YORK – So far global companies, banks and investors have announced that they have exposure in some form to Russia of more than $110 billion. That number could rise. …
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Nike, IKEA close Russian stores as sanctions, trade restrictions bite
by Reutersby ReutersBy Anna Ringstrom, Gwladys Fouche and Eric M. Johnson – Sneaker maker Nike and home furnishings firm IKEA shut down stores in Russia on Thursday, as trade restrictions and supply …
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S.Korea Feb inflation accelerates to near decade high amid Ukraine crisis
by Reutersby ReutersBy Joori Roh SEOUL – South Korea’s consumer inflation hovered near a decade high in February and stood above the central bank’s 2% target for an 11th month, adding pressure …
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By Timothy Gardner WASHINGTON – A bipartisan group of U.S. senators introduced a bill on Thursday to ban U.S. imports of Russian oil, saying the shipments could be replaced by …
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NY pension chief says McDonald’s, PepsiCo should consider Russia risk
by Reutersby ReutersBy Hilary Russ NEW YORK – The chief of New York state’s pension fund said on Thursday that McDonald’s Corp, PepsiCo and other companies with a large footprint in Russia …
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FX markets in for bumpy ride over next three months: Reuters poll
by Reutersby ReutersBy Hari Kishan, Vivek Mishra and Vuyani Ndaba BENGALURU/JOHANNESBURG – Currencies are in for a bumpy ride with already heightened volatility expected to increase over the next three months in …
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By Davide Barbuscia NEW YORK – Goldman Sachs Asset Management has reduced the Russian exposure in its GQG international equity fund to about $222 million, according to a statement and …
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Factbox-European and U.S. companies mobilise to help Ukrainians fleeing war
by Reutersby Reuters– Companies across Europe and North America have begun offering aid to Ukrainian authorities and people fleeing war following Russia’s invasion, as over a million leave their homes and head …
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– Costco Wholesale Corp beat Wall Street estimates for quarterly revenue and profit on Thursday, as consumers returning to its stores bought more groceries and splurged on high-margin items such …
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Broadcom says enterprise spending ‘on fire,’ forecasts upbeat revenue
by Reutersby ReutersBy Chavi Mehta and Jane Lanhee Lee – Chip company Broadcom Inc on Thursday forecast second-quarter revenue above Wall Street estimates on the back of strong demand from enterprise and …
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By Praveen Paramasivam – Gap Inc on Thursday forecast 2022 earnings above estimates, betting on strong demand for its Old Navy and Athleta clothing brands as Americans return to offices …
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FTC approaches March deadline for reviewing Amazon-MGM deal -source
by Reutersby Reuters– The Federal Trade Commission is approaching a mid-March deadline for making a decision on whether to approve Amazon.com Inc’s purchase of movie studio MGM for $8.5 billion, according to …
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By Marcy de Luna HOUSTON – Oil slid 2% on Thursday, after hitting prices not seen in a decade, as sellers jumped on hopes the United States and Iran will …
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– Billionaire activist investor Carl Icahn has drawn attention to the use of metal enclosures to house pregnant pigs in a dispute with McDonald’s Corp over its pork suppliers’ animal-welfare …
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Biden administration studying whether biofuel waiver could ease food inflation -sources
by Reutersby ReutersBy Jarrett Renshaw – U.S. President Joe Biden’s administration is studying whether waiving biofuel blending mandates could help offset a surge in prices for key food ingredients like corn and …
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Icahn takes pig-welfare push global amid McDonald’s proxy fight
by Reutersby ReutersBy Tom Polansek CHICAGO – Carl Icahn is broadening a push to get McDonald’s Corp to improve suppliers’ treatment of pigs raised for bacon and sausage. The billionaire activist investor, …